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Forum director Tesoriero questions sale of Papas’ Sydney residence
Restructuring & Insolvency 2022-02-04 12:34 pm By Cat Fredenburgh

Forum Finance director Vince Tesoriero has raised concerns about the validity of the sale of a $4 million home in Sydney inner-West suburb Rozelle where company founder Bill Papas and his girlfriend lived, but a judge has indicated any attempt to block the sale would be “hopeless”.

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Nine can argue MP Andrew Laming a ‘creep’ in defamation defence
Defamation 2022-02-04 10:38 am By Cat Fredenburgh

A judge has allowed Nine Network to claim that MP Andrew Laming is a ‘creep’ in its contextual truth defence to the Queensland politician’s defamation lawsuit over a news segment that accused him of taking a lewd photograph.

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Senate committee backs cap on litigation funders’ returns
Class Actions 2022-02-03 6:04 pm By Cat Fredenburgh

A Senate committee has endorsed a proposed law that would put a cap on the commission litigation funders can earn for backing class actions, but said the legislation should be amended to ensure courts are not kneecapped in exercising their power to determine what is fair in each case.

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Gilbert + Tobin nabs climate change ace from Baker McKenzie
Climate change 2022-02-03 10:47 pm By Cat Fredenburgh

A leading climate change lawyer at Baker McKenzie has made the jump to Gilbert + Tobin, less than a year after the US firm’s renewable energy practice lost its global co-head and two partners to another Big Six firm.

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IOOF unit fined $6M for financial adviser’s bad advice
Financial Services 2022-02-03 6:26 pm By Cat Fredenburgh

A judge has hit IOOF unit RI Advice with a $6 million penalty for failing to rein in an adviser who reaped hefty commissions for steering clients towards risky investments, despite earlier expressing concerns the penalty may not have enough sting.

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Reckitt-Benckiser asks High Court to overturn decision on Maxigesic ads
High Court 2022-02-03 1:27 pm By Cat Fredenburgh

Consumer goods giant Reckitt-Benckiser is seeking special leave from the High Court to challenge a Full Court judgment that overturned a finding that AFT Pharmaceuticals ads’ for its painkiller Maxigesic were misleading.

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AMP unit settles retired planner’s suit over $1M buyout deal
Financial Services 2022-02-01 2:05 pm By Cat Fredenburgh

A subsidiary of AMP has settled a retired financial planner’s lawsuit accusing the company of using ā€œunfair tacticsā€ to avoid coughing up close to a million dollars owed under a buyout option exercised in November 2019.

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Astora Health says $27M best bet for class action members, warns of ‘financial difficulties’
Class Actions 2022-02-01 12:50 pm By Cat Fredenburgh

Astora Women’s Health says group members should accept an open $27 million settlement offer in a class action over its allegedly defective pelvic mesh devices, warning that “financial difficulties” may prevent it from meeting any judgment if the case succeeds at trial.

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Arasor class action applicant sues funder over $1.2M in expenses
Class Actions 2022-02-01 2:46 pm By Cat Fredenburgh

One of the applicants in a settled shareholder class action against tech company Arasor has sued the funder that backed the case alleging it is owed $1.2 million in personal expenses accrued while serving as lead applicant on the case.

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The top litigation law firms of 2021
Litigation Law Firms of the Year 2022-01-28 11:36 pm By Cat Fredenburgh

Lawyerly’s Litigation Law Firms of 2021 stood out from the pack last year in another challenging year of online hearings and lockdowns by delivering significant wins for clients in high-stakes lawsuits, and the firm’s leaders are preparing for another big year, with class actions, disputes over climate change and cybersecurity, and more lawsuits against banks predicted in 2022.

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